GULF OFFSHORE 2002
June 5 & 6, 2002
Grand Casino Biloxi-Islandview Hotel
Biloxi, MS

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May 24, 2002

Earlier delivery date for cruise ship
Kvaerner Masa-Yards and Royal Caribbean Cruises have agreed on an
earlier delivery date for the cruise ship Navigator of the Seas

The delivery of the cruise ship Navigator of the Seas, newbuilding nr.
1347, now under construction at Kvaerner Masa-Yards' Turku shipyard,
will take place some six week earlier than previously scheduled.It is now set for November 18, 2002.

"The earlier delivery date of Navigator of the Seas suites us perfectly," says Jorma Eloranta, President and CEO of Kvaerner Masa-Yards Inc. "We are pleased to be able to meet our client's wish for an earlier delivery of the ship and with the positive development of the cruise market."

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